| 1. |
The intercept term,β1, is absent in.................. model. |
| A. | regression through the origin |
| B. | lin log model |
| C. | log lin model |
| D. | ols model |
| Answer» A. regression through the origin | |
| 2. |
The lin log model and log lin model are ............. in parameters. |
| A. | non linear |
| B. | linear |
| C. | functional |
| D. | dependent |
| Answer» A. non linear | |
| 3. |
r2 in intercept less model is.... .............. negative. |
| A. | always |
| B. | sometimes |
| C. | never |
| D. | cannot say |
| Answer» B. sometimes | |
| 4. |
The slope coefficient ,β2, of ............ model measures elasticity of Y with respect to X. |
| A. | regression through the origin |
| B. | log log model |
| C. | log lin model |
| D. | clrm |
| Answer» B. log log model | |
| 5. |
....................... is a growth model. |
| A. | alinear trend model |
| B. | lin log model |
| C. | log lin model |
| D. | none of the above |
| Answer» A. alinear trend model | |
| 6. |
In regression through the origin model, ......................... is absent. |
| A. | the intercept term ,β1 |
| B. | the slope coefficient ,β2 |
| C. | error term |
| D. | explanatory variables |
| Answer» A. the intercept term ,β1 | |
| 7. |
Econometrics is concerned with |
| A. | empirical support to economic theory |
| B. | quantitative analysis of economic data |
| C. | use of tools of mathematics and statistical inference |
| D. | all of the above |
| Answer» D. all of the above | |
| 8. |
Which of the following is the combination of economic theory, mathematical economics and economic statistics |
| A. | econometrics |
| B. | statistics |
| C. | mathematics |
| D. | quantitative economics |
| Answer» A. econometrics | |
| 9. |
The first step in traditional econometric methodology is |
| A. | statement of theory |
| B. | forecasting |
| C. | obtaining data |
| D. | estimation of the model |
| Answer» A. statement of theory | |
| 10. |
Which of the following discipline express the economic theory in mathematical form |
| A. | econometrics |
| B. | statistics |
| C. | mathematics |
| D. | mathematical economics |
| Answer» D. mathematical economics | |
| 11. |
Keynes postulated ----- relationship between income and consumption |
| A. | negative |
| B. | positive |
| C. | non linear |
| D. | infinite |
| Answer» B. positive | |
| 12. |
In the function, Q= α+βP, the slope coefficient is |
| A. | α |
| B. | β |
| C. | p |
| D. | q |
| Answer» B. β | |
| 13. |
In the Keynesian linear consumption function Y=β1+β2X, Y represents |
| A. | income |
| B. | consumption expenditure |
| C. | output |
| D. | price |
| Answer» B. consumption expenditure | |
| 14. |
In the Keynesian linear consumption function Y=β1+β2X, β1 is |
| A. | slope coefficient |
| B. | intercept coefficient |
| C. | output coefficient |
| D. | none of the above |
| Answer» B. intercept coefficient | |
| 15. |
In the Keynesian linear consumption function Y=β1+β2X, the parameters of the model are |
| A. | β1and β2 |
| B. | . β1and x |
| C. | x and y d. y an |
| D. | β2 |
| Answer» A. β1and β2 | |
| 16. |
In the Keynesian linear consumption function Y=β1+β2X, the marginal propensity to consume is |
| A. | β1 |
| B. | x |
| C. | y |
| D. | β2 |
| Answer» D. β2 | |
| 17. |
if the model has only one equation, the model is called |
| A. | single equation model |
| B. | multiple equation model |
| C. | variable equation model |
| D. | none of the above |
| Answer» A. single equation model | |
| 18. |
if the model has more than one equation, the model is called |
| A. | single equation model |
| B. | multiple equation model |
| C. | variable equation model |
| D. | none of the above |
| Answer» B. multiple equation model | |
| 19. |
In the Keynesian linear consumption function Y=β1+β2X, the dependent variable is |
| A. | β1 |
| B. | x |
| C. | y |
| D. | β2 |
| Answer» C. y | |
| 20. |
In the Keynesian linear consumption function Y=β1+β2X, the explanatory variable is |
| A. | β1 |
| B. | x |
| C. | y |
| D. | β2 |
| Answer» B. x | |
| 21. |
the variable appearing on the left side of the equality sign is called |
| A. | dependent variable |
| B. | independent variable |
| C. | explanatory variable |
| D. | none of the above |
| Answer» A. dependent variable | |
| 22. |
In conventional model r2 is .............. negative. |
| A. | always |
| B. | sometimes |
| C. | never |
| D. | cannot say |
| Answer» C. never | |
| 23. |
the variable appearing on the right side of the equality sign is called |
| A. | independent variable |
| B. | explanatory variable |
| C. | all of the above |
| D. | none of the above |
| Answer» C. all of the above | |
| 24. |
independent variables are also known as |
| A. | explanatory variables |
| B. | dependent variable |
| C. | implicit variable |
| D. | static variable |
| Answer» A. explanatory variables | |
| 25. |
which is the explanatory variable in the Keynesian consumption function |
| A. | income |
| B. | consumption |
| C. | price |
| D. | output |
| Answer» A. income | |
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